LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Small Business News

Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer

Only one out of 20 e-sellers on e-retailing sites achieve GMV sales of Rs 2.5 lakh every month.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Merchants on e-commerce sites in need of Rs 1,500 crore credit: RedSeer
A person borrowing money from a back counting the notes.Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Thu, Jan 12, 2017
02:16 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
E-tailers make merry with October bumper sales E-tailers make merry with October bumper sales
E-tailers expect boost in sales from gold, diamonds on Akshaya Tritiya E-tailers expect boost in sales from gold, diamonds on Akshaya Tritiya
Myntra clocks $1 billion run rate in annualized GMV Myntra clocks $1 billion run rate in annualized GMV
E-commerce companies delivery time in Indian cities slower than in Saudi Arabia E-commerce companies delivery time in Indian cities slower than in Saudi Arabia
E-commerce continues to be a big growth area: R S Subramanian, DHL E-commerce continues to be a big growth area: R S Subramanian, DHL

E-commerce companies in India have over 4.5 lakh e-sellers listed on their platforms. However, a minority of these e-sellers achieve gross merchandising value (GMV) sales that the e-commerce companies claim to achieve.

RedSeer Management Consulting, in its report dated January 12, 2017 said that top e-sellers achieve GMV sales of Rs 2.5 lakh every month. However, majority of e-sellers are inactive and are registered with e-commerce websites but have no sales to show for over three months.

Gross merchandise volume or GMV is a term used in online retailing to indicate a total sales dollar value for merchandise sold through a particular marketplace over a certain time frame.

Almost all merchants expressed the need for business credit, however, only a few of these merchants have the credit-worthiness to be avail loans from banks and other institutions. 

Over the past year, financial institutions have disbursed about Rs 700 crore worth of loans in partnership with leading e-tailing platforms such as Flipkart and Amazon.

On the other hand, about 10-15% of these applicants eventually go to informal channels such as private moneylenders to avail credit at exorbitant interest rates.

There is an addressable need of Rs 1,500 crore of credit to e-sellers in India, RedSeer said. 

Anil Kumar, CEO, RedSeer Consulting said, “E-sellers will remain a target segment for lenders over the next year. Innovation will continue to be oriented towards lead generation and state-of-the-art credit scoring. However, most new-age businesses have focused only on automating existing offline processes through technology. The next big bet is on creating a product beyond traditional offers, that is palatable to the small business owner – to make an offer the merchant cannot refuse.”

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
e-sellerse-tailersE-commerceRedSeer ConsultingcreditNBFCsBanksMoneylendersGMVSME
RELATED NEWS
E-tailers make merry with October bumper sales E-tailers make merry with October bumper sales
E-tailers expect boost in sales from gold, diamonds on Akshaya Tritiya E-tailers expect boost in sales from gold, diamonds on Akshaya Tritiya
Myntra clocks $1 billion run rate in annualized GMV Myntra clocks $1 billion run rate in annualized GMV
E-commerce companies delivery time in Indian cities slower than in Saudi Arabia E-commerce companies delivery time in Indian cities slower than in Saudi Arabia
E-commerce continues to be a big growth area: R S Subramanian, DHL E-commerce continues to be a big growth area: R S Subramanian, DHL

LATEST NEWS

CBSE Board Exam 2021 Latest News: Class 10, 12 students alert! Controller Dr. Sanyam Bhardwaj says this

Gold Price Today 12-04-2021: Weekly investment strategy on Gold, Silver - Outlook remains STRONG even as some Profit Booking seen on Friday; BUY bullion at these levels

PM Narendra Modi says 'Tika Utsav' beginning of second big war on COVID-19

Air Bubble agreement: Finalised! Travel between India, Sri Lanka to become easier - Here is how

FDI Limit in Pension Sector: Modi government may do this soon - All you need to know

Vakeel Saab Collection: Blockbuster! Pawan Kalyan comeback movie sets box office on fire!

Upstox customers alert! Very important security breach message for you from your broking firm

Lockdown in Delhi? CM Arvind Kejriwal confirms this after review meeting

Vakeel Saab Review: What Superstar Mahesh Babu said for Power Star Pawan Kalyan blockbuster movie

Mentor Connect: Amazon India launches mentor programme for startups, emerging brands

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved